The reason why economists still does not consider their models valid, in spite of the irrationality of people because the existing models have been in place for so long, they are considered untouchable, the equivalent of an economic law.
Who are Economists?
The production and distribution of resources, goods, and services are studied by economists through data collection and analysis, trend research, and evaluation of economic concerns.
1. collecting data from numerous sources, compiling and analyzing enormous amounts of data from sources like official statistics, literature, online research, and industry surveys.
2. studying and comprehending economic patterns and models.
3. using software to analyze the data gathered.
Regardless of the particular field they may work in, someone with a degree in economics will discover that they are employable in many domains. Graduates with economics knowledge are in high demand in the worldwide work market.
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Earliest finish time (EF) is the earliest time by which a specific activity can be completed, calculated Question 37 options:___.
a. by subtracting the activity’s estimated duration from the earliest finish time of the activity's predecessor: EF = EF predecessor - Estimated Duration.
b. by subtracting the activity’s estimated duration to the activity’s earliest start time: EF = ES - Estimated Duration.
c. by adding the activity’s estimated duration to the earliest start time of the activity's succeeding activity: EF = ES succeeding activity + Estimated Duration.
d. by adding the activity’s estimated duration to the activity’s earliest start time: EF = ES + Estimated Duration
The Earliest finish time (EF) is the earliest time by which a specific activity can be completed; it is calculated "by adding the activity’s estimated duration to the activity’s earliest start time: EF = ES + Estimated Duration."
This is because to know the Earliest finish time, one needs to have the Estimated duration or completion time of the project.
Then, the Estimated Duration would the added to the Earliest Start time to get the Earliest Finish Time.
This is based on the Critical Path method of determining the project duration.
Hence, in this case, it is concluded that the correct answer is option D.
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Internal Analysis: Looking Inside the Firm of Honda Corp.
The strategic actions managers take link firm resources and capabilities. For example, investments in R&D labs (managerial actions) are one mechanism that links the resource (engineers) with the firm capability (product innovation). This activity is important because when multiple resources and capabilities are aligned on a single goal, the firm may have a core competency. For instance, Canon’s ability in optics originates not just in the capability of its design engineers, but also in its precision in manufacturing. When a firm’s core competency is at the heart of the product it sells, that product can be considered a core product. In the case of Canon, optics are at the heart of such products as cameras, camcorders, scanners, and projectors.
The goal of this activity is look closely at Honda, and differentiate the important relationships between its firm resources, managerial actions, firm capabilities, core competencies, and core products.
Read the case below and complete the activities that follow.
Since 1959 Honda has been the world’s largest motorcycle manufacturer. It is also the world’s largest manufacturer of internal combustion engines—the core of many of Honda’s products including sport boats, marine engines, off-road power sport vehicles (e.g., ATVs, snow mobiles), an extensive line of power equipment (e.g., lawn mowers, electric generators, snow blowers), and cars. Over time, Honda has maintained as its core ability a dedication to the engineering and ongoing innovation of these small, reliable, and powerful internal combustion engines.
While Honda invested much in developing and maintaining this competency, in 1960, its management made an important decision that later became central to the creativity and productivity of its engineers and designers. The research and development division separated from Honda Motor Company to form the independent company Honda R&D. This management decision helped facilitate a unique corporate culture built on excellence in innovation and engineering.
Honda R&D continues to build on this important tradition by focusing on the spread of new ideas through cultural and regional diversity; as such, the firm now has five R&D centers located outside of Japan in North America, South America, Europe, Asia, and China.
Resources fall broadly into two categories: tangible and intangible. Tangible resources have physical attributes and are visible. Intangible resources have no physical attributes and thus are invisible. Examples of intangible resources are a firm's culture, its knowledge, brand equity, and reputation. Which of the following is an example of an intangible resource?
Multiple Choice
equipment
copyright
cash
land
inventory
From the list given, one that is an example of an intangible resource is; "copyright" (Option B)
What is a Copyright?A copyright is a sort of intellectual property that grants the owner the exclusive right to copy, distribute, modify, exhibit, and perform creative work for a specific period of time. The creative effort might be literary, artistic, educational, or musical in nature.
Copyrights are a type of intangible property since they grant their owners certain rights that are not perceptible through the physical senses. Small business owners frequently must handle a range of intangible assets, including copyrights.
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2.suppose 40% of the people entering X electronics store this month make a purchase. If 10 people enter the store, find the expected number making a purchase. Suppose that for the next month X electronics store forecasts 1000 customers will enter the store. (i)What is the expected number of customers who will make purchase? (ii) Find also the Standard Deviation.
i) The expected number of customers who will make a purchase in the current month is 4.
ii) The standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
To find the expected number of customers making a purchase, we can multiply the total number of customers entering the store by the probability of making a purchase.
(i) For the current month:
Number of people entering the store = 10
Probability of making a purchase = 40% = 0.4
Expected number of customers making a purchase = Number of people entering the store * Probability of making a purchase
Expected number of customers making a purchase = 10 * 0.4
Expected number of customers making a purchase = 4
Therefore, the expected number of customers who will make a purchase in the current month is 4.
(ii) To find the standard deviation, we need to consider the binomial distribution since the number of customers making a purchase follows a binomial distribution with parameters n (number of trials) and p (probability of success).
For the current month:
n = Number of people entering the store = 10
p = Probability of making a purchase = 0.4
q = Probability of not making a purchase = 1 - p = 1 - 0.4 = 0.6
Standard deviation (σ) of a binomial distribution is given by the formula:
σ = √(n * p * q)
Substituting the values:
σ = √(10 * 0.4 * 0.6)
σ = √(2.4)
σ ≈ 1.55
Therefore, the standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
For the next month, if the store forecasts 1000 customers to enter the store, we can use the same calculations with updated values of n and p to find the expected number of customers making a purchase and the standard deviation.
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Managers are strictly required to properly understand the role of Information Systems in their organization. Failure to do so might have adversary effects on the existence of their organization. In relation to role of IS in organization, there are practical examples where IS has created a situation to replace roles organizations have assumed for years in Ethiopian business environment. Mention at least two organizations IN Ethiopia whose role has been replaced/ threatened by IS.
Answer:
Explanation: the most which is
A regular checking account commonly earns interest true or false
Answer: False
Explanation: Traditionally, checking accounts are not interest-bearing accounts as savings accounts are, as they're designed for short-term cash that you'll spend soon. Savings accounts are better-known for earning interest, but these accounts ordinarily limit how often you can make certain withdrawals from the account.
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your portfolio has grown from $2500 to $3800 what is the percent of the growth rate
Answer:
52%
Explanation:
(3800-2500)÷2500×100 = 52% as your growth rate
Which acronym represents the set of accounting
principles that include the full disclosure
principle?
A. AARP
C. GAAP
B. NAFTA
D. NEC
Answer:
C. GAAP
Explanation:
The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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Jill is a warehouse clerk at a big-box appliance store. Which step should Jill take first if she wants to
transition into a management position?
Select an answer:
She should pursue a degree in information technology.
She should look for opportunities to be promoted.
She should search for a company involved with supply chain management.
She should ask to be transferred to the sales floor.
Managerial positions are roles in which someone oversees the task capabilities of some other individual or a group of people. Managers also might oversee the operation of a particular characteristic inside a company's senior-stage
Managers possess the knowledge and understanding of manual supervisors of their roles. due to the fact this position is a stage up from the function of a manager, the extent of responsibility increases in a broader scope. The senior identity typically follows the manager's heritage, where they oversee their branch.
If the manager is a high-ranking identity, then an assistant manager may have authority. but, in a few businesses, an Assistant supervisor may be one that oversees operations, executes strategies, and helps personnel while not having direct authority over the personnel.
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Which of the following is not one of the steps in implementing a code of ethics?
The following is not one of the steps in implementing a code of ethics: A nonprofit, nonpartisan organization, character Counts has created a fixed of familiar ethical standards that transcend cultures.
Ethics is defined as a moral philosophy or code of morals practiced by means of a person or organization of people. An example of ethics is a code of conduct set by using an enterprise.
Ethics examines the rational justification for our ethical judgments; it researches what is morally right or incorrect, just or unjust. In a broader sense, ethics displays humans and their interplay with nature and with different people, freedom, duty, and justice.
Ethics is what courses us to tell the fact, maintain our guarantees, or assist a person in want. there's a framework of ethics underlying our lives on a daily basis, supporting us to make decisions that create effective effects and guide us far away from unjust results.
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The heat from warm river waters draining into the Arctic Ocean is contributing to the melting of Arctic sea ice each summer, a new NASA study finds. the summer of 2012. They observed a sudden influx of warm river waters into the sea that rapidly warmed the surface layers of the ocean, enhancing the melting of sea ice. A paper describing the study is now published online in the journal Geophysical Research Letters.
—"Warm Rivers Play Role in Arctic Sea Ice Melt,"
NASA
Which details should be included in a summary about the passage?
A research team led by Son Nghiem of NASA's Jet Propulsion Laboratory in Pasadena, Calif., used satellite data to measure the surface temperature of the waters discharging from a Canadian river into the icy Beaufort Sea during
Check all that apply. Warm water is melting the Arctic Sea ice. The research team is led by Son Nghiem. The sudden flow of warm waters into the sea are rapidly warming the ocean's surface. A paper describing the study can be found online. The journal is called Geophysical Research Letters.
Answer:
a and c
Explanation:
How do you know your Business is ready to partner with a Distributor?
Question 1 options:
You have the Sakes Staff to support it.
All of these Answers are right.
You have a strong Trucking and Delivery infastructure.
You have adequate Inventory Housing.
Answer:
All of these answers are right, but there are some additional factors that should also be considered when determining if your business is ready to partner with a distributor. Some of these factors include:
Product demand: Distributors are typically interested in partnering with businesses that have a proven track record of strong product demand. If your product is not yet well-established in the market, it may be more difficult to convince a distributor to partner with your business.Marketing and branding: If your business has a strong brand and marketing strategy, this can make it more attractive to potential distributors. Distributors want to partner with businesses that have a clear and compelling value proposition and a strong brand image.Financial stability: Distributors want to partner with businesses that are financially stable and have a strong track record of profitability. This can give them confidence that the partnership will be a mutually beneficial one.Scalability: Distributors want to partner with businesses that have the potential for growth and scalability. If your business has demonstrated that it can scale up production and increase sales, this can make it more attractive to potential distributors.Competitive advantage: Finally, distributors want to partner with businesses that have a competitive advantage in the market. This could be a unique product offering, a proprietary technology, or a strong distribution network. If your business has a strong competitive advantage, this can make it more attractive to potential distributors.What are some of your strengths areas? Think about the top 2/3 skills you would advertise about yourself, consider what others come to you for advice about.
Answer:
Some of my strength areas are trustworthiness, creativity and solving problems, leadership and organization, analytical skills, determination, and empathy.
Explanation:
Every person's core strengths or skills should fall into these three main areas: personal, play, and work. Personal skills deal with the fundamental skills that give the background to every activity that a person undertakes. Play skills define the human interaction and relationship with others. Work skills specify one's attitude to work and how a person achieves her goals in the work environment.
how to solve the time value of money problems
Answer:
The Time Value of Money formula is FV = PV x [ 1 + (i / n) ] (n x t)] where V is the Future value of money, PV is the Present value of money, i is the interest rate, n is the number of impounding periods per year, and t is the number of years.
PLZ PLZ HELP HELP HELP YALL ITS IMPORTANT ASAP
Answer:
1144.95$
Explanation:
375.40 was given every week so multiply by 3 and I got 1126.20.. now annually is the key work and annually means per month so I divide 22500 by 12 and got 18.75. last, I added 18.75 a d 1126.95 and got 1144.95!! Hoped explained well!!
Which investment is best for someone who is likely to need cash soon? mutual fund CD 401(k) savings account
Answer:
Savings account
Explanation:
The investment that is best for someone who is likely to need cash soon is saving account.
Saving account is an account where you can easily have access to your money without limit as you can withdraw your money at any point in time.
Saving account can also act as an emergency fund account where you can easily access your funds incase of unforeseen circumstance or during rainy days.
With saving account you can often earn interest based on the amount you deposit into your account as saving account often accumulate interest over time.
Inconclusion the investment that is best for someone who is likely to need cash soon is saving account.
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Suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. Also, suppose that when the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day. Based on these numbers and using the midpoint formula, the price elasticity of demand for gasoline is:
By definition, the price elasticity of demand for gasoline is -2.33.
Price elasticity of demandThe price elasticity of demand is a measure used to show the responsiveness, or elasticity, of the quantity demanded of a good or service to changes in the price of that good or service.
That is, the price elasticity of demand indicates to what extent changes in price alter the demand for specific products or services.
The price elasticity of demand is calculated by dividing the percentage change in demand by the percentage change in price, resulting in the following expression:
\(Elasticity=\frac{percentage change in quantity demanded}{percentage change in price}\)
\(Elasticity=\frac{\frac{deltaQ}{Q} }{\frac{deltaP}{P} }\)
where:
deltaQ means the absolute change in quantities demanded.Q represents quantity.deltaP represents the absolute change in price.P represents the price.Price elasticity of demand for gasolineKnowing that:
When the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. When the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day.First, the percentage change in quantities is calculated as follows:
The absolute change in quantities deltaQ is obtained by first subtracting the final demand from the initial demand, that is (8 million – 6 million = 2 million)Now dividing this value by the initial demand, you obtain 2 million÷6 million=0.333, which, taken to a percentage value, finally shows that the percentage change in quantity demanded is 0.333×100%= 33.3%.Now the percentage change in price is determined as follows:
The absolute change in the deltaP price is obtained by subtracting the final price from the initial price, that is (3 – 3.5= -0.5).Now dividing this value by the initial price -0.5/3.5, we obtain -0.143, which, taken as a percentage value, shows that the percentage variation in the price is -0.143x100%= -14.3%.Finally, the price elasticity of demand is calculated as:
\(Elasticity=\frac{33.3}{-14.3}\)
Solving:
Elasticity= -2.33
In summary, the price elasticity of demand for gasoline is -2.33.
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In the Month of March, Digby received orders of 107 units at a price of $15.00 for their product Dug. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 107 units in April. They received payment for 54 units in March, and 54 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands) Select: 1Save Answer 0, $1,605 0, $803 $803 , $803 $1,605 , 0
Answer:
0, $1,605
Explanation:
The computation of the revenue recognized in the month of March and in the month of April is shown below:
Since the Digby delivers 107 units in April so now revenue recognized should be in the month of March
But for the month of April, it would be
= 107 units × $15
= $1,605
Hence, the first option is correct
4. A stage in the policy process which requires building support to make sure the policy is
made acceptable to both the legislatures and the public may be described as
b. Institutionalization
6. Formulation
d. Implementation
e. None of the above
Answer:
d. Implementation
Explanation:
Hope it help correct me if I am wrong
3. What kind of method of growth does McDonald’s apply in the case ? How does it contribute to the McDonald’s value chain
The kind of method of growth that McDonald’s apply in the case is Market penetration.
McDonald's value chain analysis identifies all the major actions and supporting activities that significantly enhance the company's end product, and the business carefully examines these activities in order to either save costs or increase differentiation.
What method did McDonald's employ?Offering food at affordable costs has long been McDonald's pricing approach. This has contributed to the restaurant's long-term success. This has significantly contributed to McDonald's development as one of the world's leading fast-food brands.
When a product or service is successfully sold in a particular market, this is referred to as market penetration. The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
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how does the ‘common pool’ operate in insurance?
Answer:
How does insurance pooling work?Insurance pooling is a practice wherein a group of small firms join together to secure better insurance rates and coverage plans by virtue of their increased buying power as a block. This practice is primarily used for securing health and disability insurance coverage.
Explanation:
Answer:
A group of insurers or reinsurers through which particular types of risks (often of a substandard nature) are underwritten, with premiums, losses, and expenses shared in agreed ratios
Explanation:
Discuss the organizational barriers to communication.
Answer:
There are many barriers when it comes to organizational communication, otherwise organizational barriers in communication. To get to the point, there are environmental barriers, cultural barriers, decision-making barriers, remote working barriers, insecurity barriers, interpersonal communication barriers, and so on.
Explanation:
I hope this helps you!
Ramniwas, a book-keeper, taking out a trial balance as on 31st March 2005, found that its debit and credit columns did not agree. He proceeded to check the entries and discovered the following errors:
A credit sale of Rs. 1,000 to Ajay had been correctly entered in the Sales Book but Ajay’s Account had been debited with Rs. 100 only.
The total of the Bills Payable Book Rs. 5,000 had been posted to the credit of Bills Receivable Account.
Rs. 2,500 paid to Ram had been wrongly posted to Shyam.
Rs. 100 owing by a customer had been omitted from the list of debtors.
The discount column of the Cash Book representing discount allowed to customer has been over-added by Rs. 10.
Goods worth Rs. 100 taken by the proprietor omitted to be recorded in the books.
Depreciation on furniture Rs. 100, had not been posted to Depreciation Account.
The total of Sales Book had been added Rs. 1,000 short.
Which of the above errors caused the totals of the Trial Balance to disagree and by how much did the totals differ?
Answer:
Ramniwas Bookkeeper
A. The errors that caused the totals of the Trial Balance to disagree are:
1. A credit sale of Rs. 1,000 to Ajay had been correctly entered in the Sales Book but Ajay’s Account had been debited with Rs. 100 only.
2. The discount column of the Cash Book representing discount allowed to customer has been over-added by Rs. 10.
3. The total of Sales Book had been added Rs. 1,000 short.
B. The totals disagreed by:
Understated debit Rs. 900
Overstated debit (10)
Understated credit (1,000)
Totals disagreed by Rs. 110
Explanation:
a) Correction of Errors on the Trial Balance, March 31:
Account Title Debit Credit
Account receivable (Ajayi's) Rs. 900
Accounts Payable Rs. 5,000
Accounts Receivable 5,000
Shyam 2,500
Ram 2,500
Cash Discount Allowed 10
Drawings 100
Inventory 100
Depreciation Expense 100
Accumulated Depreciation 100
Sales Revenue 1,000
Totals Rs. 8,600 Rs. 8,710
b) Credit side of the Trial Balance was greater by Rs. 110 (Rs. 8,710 - Rs. 8,600).
Incorrect
Question 3
0/5 pts
(01.01 MC)
Tina just completed a science degree and wants to continue on to medical
school. What can she expect?
-Her earnings potential may decrease.
-Her potential expenses may decrease
-Her earnings potential may increase.
-Her potential wants may decrease.
Answer:
Her earning potential may INCREASE
Explanation:
Tina just completed a science degree and wants to continue to medical school. Her earnings potential may increase. Hence, option C is appropriate.
What is the earnings potential?Earning potential is the phrase used to describe the potential profits that shareholders may realize from holding a company, including dividend payments but also capital growth. In plenty of other words, it displays the most profit that a business may get. The manner of dividends is frequently distributed to investors.
The formula can also be thought of as predicted revenue with fewer expenses equaling profit potential. Gross margin %, also known as the ratio of profit to sales, is a metric that businesses use to assess the profitability of various products.
Let's start with the definition of earning potential (income potential): this is the sum of money you should be able to accumulate throughout a certain period. In other regards, this is a reference to your potential for financial gain.
Hence, option C is correct.
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Plss help me NO LINKS AND I MEAN IT NO LINKS IF LINKS YOU WILL BE REPORTED AND DON'T DO IT JUST FOR POINTS
Companies perspective: I believe the benefits of gated content is giving content to a specific amount of people.
Customers perspective: The content is nice because, it gives me access.
Please answer the question picture above.
Answer: No i would not
Explanation:
The Money Order Transaction log must be completed for all money
order transactions.
True
False
The statement that the Money Order Transaction log must be completed for all money order transactions is FALSE.
When should the Money Order Transaction log be completed?The regulations of the United States Treasury Department states that the Money Order Transaction log should be filled for money order transactions that are either valued at $3,000 or above.
This means that money orders that are less than $3,000 need not be filled in the Money Order Transaction log.
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What reason did the London court provide for its decision?
Historical research is fair game for fiction authors to use in their work.
Historical research can only be used with the original author’s permission.
Historical research is fair to use in nonfiction, but not in works of fiction.
Historical research is copyright protected and can never be shared or borrowed.
Answer:
A: Historical research is fair game for fiction authors to use in their work.
Explanation:
2021 edge
Answer:
A
Explanation:
Historical research is fair game for fiction authors to use in their work.
The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. Although it requires a successful completion of three levels of grueling exams, the designation often results in a promising career with a lucrative salary. A student of finance is curious about the average salary of a CFA charterholder. He takes a random sample of 36 recent charterholders and computes a mean salary of $162,000 with a standard deviation of $36,000. Use this sample information to determine the 90% confidence interval for the average salary of a CFA charterholder.
The confidence interval for the average salary of a CFA charter holder : ( 1,49,820, 1,74,180)
We assume that the salary of CFA charterholders is typically distributed.
Let the salary of CFA charter holders be = x
ATQ
n = 36 and x = 1,62,000
Degree of freedom :
df = 35 [ df= n-1]
s= $36,000
Significance level :
a = 1 - 0.95
= 0.05
Using the t-distribution table,
Ta/2, df = t(0.025), 35
= 2.030
95% confidence interval for the average salary of a CFA charterholders
1,62,000 + (2.030). 36000/√36
= 1,62,000 +- 12180
= ( 1,62,000 - 12180, 1,62,000 + 12180)
= ( 1,49,820, 1,74,180)
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A company purchases $200 worth of equipment using a business line of
credit. Since this is a liability, which of the following should be included in this
transaction?
The effect of the company's purchase of the machine on credit will lead to an increase in assets as it's a liability and the company now owes money for the purchase of the machinery.
How is the accounting equation affected?The accounting equation is:
Assets = Liabilities + Owner's equity
When a company purchased a machine, this would go to the assets as machinery is a fixed asset. As the assets increase, there would need to be a source of this increase.
In this case, the company bought the machine on credit which means it's a liability and the company now owes money for the purchase of the machinery.
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Michael doesn’t agree with the direction his teammates want to go with the team’s project. Michael wants to understand his teammates’ reasoning. As they attempt to explain it to him, he keeps interrupting with questions and strong objections. Michael is becoming more and more frustrated as the meeting goes on. What can Michael do to reduce his frustration and listen more effectively? Check all that apply.
Answer:
The overview of the discussion is summarized in the subsection elsewhere here.
Explanation:
Frustration throughout the office sometimes doesn't pass out like that, it can always get worse whether it's left behind. Frustrated group members or teammates rarely do their excellent efforts, although anger can be an indication that perhaps the organization is having a challenge. I guess collaboration is a gathering of persons, perhaps and sometimes it might just be yourself and someone else, so it's coming together. Reveal the issue around to do the opportunity they need to do to get whatever they're seeking to do.So that Michael could start by writing his questions in the first place everything for the end, and then he can stop interrupting and annoying his colleagues.